Wednesday, August 15, 2007

Cerearms

"In fact, the only Pakistani-made cereal is made by a company that is run by a foundation that is under the military. It's supposed to benefit army veterans. But the fact remains that they manage that by not allowing competition in the cereal sector. They're in the cinnamon sector, they manufacture sugar, they have a bank, they have insurance companies. Because the military is running the government, these business institutions can have privileged conditions. And so they are not open to free-market forces and competition, which undermines the growth of Pakistan's economy as a free-market economy." (thanks D.)